DSV’s Baltic subsidiaries sold three logistics centres in Tallinn, Riga and Vilnius in sale and leaseback transactions. DSV sold a total of nearly 33,000 square meters of office and logistics space and continues to use it under a lease. The transaction concluded in Estonia will take effect as soon as it is authorised by the Competition Authority.
DSV is one of the world’s leading transport and logistics companies. The company has more than 800 offices and 300 logistics units employing over 40 thousand people in 80 countries worldwide. DSV is the market leader in all three Baltic States. The buyer of the logistics centres is EfTEN Real Estate Fund III AS. DERLING was DSV’s legal adviser in Estonia and our team was led by partner Toomas Taube.